Now that we know the three candidates, a lot of ink will be spilled weighing them up against each other. I asked an expert with more than 30 years of experience on the field of development finance to give an opinion. This expert – who has experience in the public, private and third sector – asked to remain anonymous because over the years the person had worked with several of the candidates (and expects to work with them all in the future). The assessment:
“We have 3 candidates. There seems to be a growing consensus that the winner needs to (a) be from a developing country rather than a US candidate; (b) be anti the Washington consensus agenda (privatisation and liberalisation) and pro-equitable and bottom up development; and (c) have experience of managing a large organisation.
So how do the candidates measure up to these criteria ?
We closed the poll on which issues at the Bank need the most reform. You can see it at the bottom of the page. Its worth noting that there was a fairly even spread of issues that people thought needed reform. But the top issues were: democracy and accountability at the Bank; the Bank’s involvement in climate finance; improvement of public health systems; duty to respect and protect human rights; and the development impact of extractive industries. Lets review some of these, with some conjecture on the candidate’s positions:
First democracy and accountability – the first half of which is not strictly in the power of the Bank President. That said, the President can use his bully pulpit to argue for and demand changes in the alignment of power among shareholders. For all his many faults, this is something Strauss-Kahn did during his tenure at the IMF. While Zoellick’s parting words tried to put the multilateral into the Bank, he did precious little during his term to up the democracy quotient. The second half of that reform demand – accountability – is another matter. The president could set down the law about making sure there is greater participation by affected communities in Bank projects, and could also strengthen the independent accountability mechanisms at the Bank. By a rough read, this is not something that seems to be in the experience of US-nominee Jim Yong Kim, while Ngozi Okonjo-Iweala as a Bank insider for decades is not seen as friendly to this agenda, while Jose Antonio Ocampo, as someone with a strong UN background, presumably takes inclusiveness more seriously. Continue reading →
The World Bank has attracted criticism across the spectrum of its operations. In this poll, we highlight a selection of the concerns campaigning groups have highlighted. Which area(s) do you feel are the ripest for reform by a new World Bank president? This is not intended to be a comprehensive agenda – suggest other important issues in the comment section at the bottom!